Friedman Centenary

Friedman believed the Fed has a right to
manage the economy and that government has a role in making markets operate
fairly. But Friedman has been left out in the cold.

It
was his certainty — and the wit with which he delivered his message — that
helped popularize his views. But the fact he did not adopt absolutist positions
on the evils of government has made his true views irrelevant among the conservatives he
used to lead.